2025-06-30T11:15:56-05:00 2024-09-30 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-10-01 900183669 LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE LUBB 8067494500 1500 BROADWAY 600 LUBBOCK TX 79401 JANA JOHNSTON CFO/COO 8067494500 2025-06-23 1 0 MATT R WILLIS P00419741 8067473806 2025-06-23 X 2023 2025-03-06 01:10:19Z JOHN OSBORNE 1500 BROADWAY 600 LUBBOCK TX 79401 16875373 0 X WWW.LUBBOCKEDA.ORG X 2004 TX TO PROMOTE ECONOMIC GROWTH BY CREATING HIGH QUALITY JOBS, INVESTING IN NEW CAPITAL IMPROVEMENTS, RETAINING AND EXPANDING EXISTING BUSINESSES AND ENHANCING LUBBOCK'S QUALITY OF LIFE. 9 9 14 11 0 0 11712216 15390998 56430 0 869831 1371276 90216 82877 12728693 16845151 1635571 7475670 0 0 1486629 1638336 0 0 0 2977592 3586819 6099792 12700825 6628901 4144326 61566582 56265447 68186329 58740868 -6619747 -2475421 X TO PROMOTE ECONOMIC GROWTH BY CREATING HIGH QUALITY JOBS, INVESTING IN NEW CAPITAL IMPROVEMENTS, RETAINING AND EXPANDING EXISTING BUSINESSES AND ENHANCING LUBBOCK'S QUALITY OF LIFE. 0 0 12097591 7475670 LEDA CONTINUED TO EXPERIENCE A TREMENDOUS AMOUNT OF INTEREST FROM COMPANIES ACROSS THE COUNTRY. LEDA WORKED WITH LEPRINO FOODS AS THEY MOVED CLOSER TO THE OPENING OF THEIR $1 BILLION+ CHEESE MANUFACTURING FACILITY EMPLOYING OVER 670 INDIVIDUALS IN LUBBOCK. THIS PROJECT IS THE SINGLE LARGEST PRIVATE CAPITAL INVESTMENT IN THE HISTORY OF LUBBOCK. LEDA ALSO CONTINUED WORKING WITH PLANT AGRICULTURAL SYSTEMS TO BRING GREENHOUSE HYPRONICS AGRICULTURE TO LUBBOCK FOR THE PRODUCTION OF LEAFY AND VINE VEGETABLES. OVER A PERIOD OF 10 YEARS, THE PLANT AS PLANS TO GROW TO A TOTAL OF 13 ONE MILLION SQUARE FOOT GREENHOUSES THAT WILL EMPLOY UP TO 975 PEOPLE. THE SELECTION OF LUBBOCK FOR THESE COMPANIES HAS REQUIRED LEDA TO EXTEND THE ROADS AND UTILITIES IN EAST LUBBOCK TO SUPPORT THE GROWTH OF THE LUBBOCK ECONOMY IN THAT AREA OF THE CITY. IN ADDITION TO THESE FOOD PRODUCTION COMPANIES LOCATED IN EAST LUBBOCK, THE EXPANSION OF LOCAL BUSINESSES ACROSS THE CITY. LEDA ALSO PARTNERS WITH THE TEXAS TECH UNIVERSITY INNOVATION HUB ACCELERATOR TO ENCOURAGE ENTRAPREUNERS TO GROW THEIR BUSINESS IDEAS IN LUBBOCK. LEDA'S WORKFORCE TRAINING EFFORTS CONTINUED THAT PROVIDED NEW TECHNICAL TRAINING EQUIPMENT TO AREA SCHOOL DISTRICTS TO TRAIN THEIR STUDENTS TO BE READY TO ENTER THE JOB MARKET UPON GRADUATION AND LEDA CONTINUES TO INVEST SIGNIFICANT RESOURCES TO AREA SECONDARY SCHOOLS TO ENSURE THAT HIGH SCHOOL STUDENTS ARE PREPARED TO EITHER CONTINUE THEIR EDUCATION OR TO BE QUALIFIED TO OBTAIN GOOD-PAYING JOBS UPON GRADUATION. INTEREST IN BUSINESS EXPANSION TO LUBBOCK REMAINS STRONG AND THE LEDA SALES TEAM CONTINUES TO MEET WITH NATIONAL AND INTERNATIONAL COMPANIES TO CONSIDER EXPANSION INTO THE LUBBOCK MARKET. LEDA AND LUBBOCK ARE POISED TO MAKE SIGNIGICANT STRIDES IN SECURING A STRONG WORK ENVIRONMENT IN LUBBOCK. 12097591 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 14 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JANA JOHNSTON 8067494500 1500 BROADWAY STE 600 LUBBOCK TX 79401 JOHN OPPERMAN DIRECTOR 1.00 1.00 X 0 0 0 CHRIS CARPENTER DIRECTOR 1.00 1.00 X 0 0 0 HENRY PATEL DIRECTOR 1.00 1.00 X 0 0 0 SONNY GARZA DIRECTOR 1.00 1.00 X 0 0 0 WALTER CATHEY DIRECTOR 1.00 1.00 X 0 0 0 BLAKE WOMBLE DIRECTOR 1.00 1.00 X 0 0 0 MELISSA COLLIER DIRECTOR 1.00 1.00 X 0 0 0 BRETT CATE DIRECTOR 2.00 2.00 X 0 0 0 LORI RICE-SPEARMAN DIRECTOR 1.00 1.00 X 0 0 0 JOHN OSBORNE CEO 20.00 20.00 X 372272 0 33553 JANA JOHNSTON CFO/COO 20.00 20.00 X 208423 0 20008 CHRISTINE ALLEN VICE PRESIDENT 20.00 20.00 X 128852 0 26027 JAMES CONWRIGHT CHAIRMAN 2.00 2.00 X 0 0 0 SARAH BEVERS VICE CHAIRMAN 1.00 1.00 X 0 0 0 CAROLYN ROWLEY DIRECTOR OF BUSINESS RETEN 20.00 20.00 X 126310 0 17703 DAVID RUSHING DIRECTOR OF RECRUITMENT 20.00 20.00 X 148420 0 7034 KATHERINE WHITE DIRECTOR OF MARKETING & CO 20.00 20.00 X 126737 0 6975 JORGE QUIRINO DIRECTOR OF DOWNTOWN & SPE 20.00 20.00 X 127581 0 15337 1238595 0 126637 7 0 1 0 LONE STAR DIRT & PAVING 11820 UNIVERSITY AVE LUBBOCK TX 79423 CONSTRUCTION SERVICES 5464177 WEST TEXAS PAVING INC 10104 ALCOVE AVE WOLFFORTH TX 79382 CONSTRUCTION SERVICES 1768506 PARKHILL SMITH & COOPER 4222 85TH ST LUBBOCK TX 79423 ENGINEERING SERVICES 782538 TURFMASTER IRRIGATION & LANDSCAPING 5308 CR 7570 LUBBOCK TX 79424 CONSTRUCTION SERVICES 496073 HUGO REED AND ASSOCIATES INC 1601 AVENUE N LUBBOCK TX 79401 ENGINEERING SERVICES 114498 5 1000000 14390998 15390998 1401488 1401488 82877 0 82877 82877 82877 10 30222 -30212 -30212 -30212 16845151 0 0 1454153 7475670 7475670 789135 591851 197284 643562 482672 160890 26578 19933 6645 62224 46668 15556 116837 87628 29209 19559 14669 4890 32581 24436 8145 37273 27955 9318 436152 436152 21369 16027 5342 61547 46160 15387 906547 874986 31561 112146 102355 9791 59718 51523 8195 1322141 1322141 173695 173695 29149 21862 7287 BUSINESS PARK MAINT. 224301 168226 56075 MEMBERSHIP DUES 146125 109594 36531 MISCELLANEOUS 4516 3388 1128 12700825 12097591 603234 0 32820923 27872544 3676335 3646981 16824378 13559474 12758207 1571759 8244946 11186448 61566582 56265447 505890 626118 34527800 30283300 4445067 0 12675000 12240000 16032572 15591450 68186329 58740868 X 0 0 0 0 -6619747 -2475421 -6619747 -2475421 61566582 56265447 4144326 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12422319 1297030 11125289 12022 12022 0 159060 130863 28197 164806 131844 32962 11186448 OPERATING LEASE UNDER FASB ASC 842 36450 TAXABLE BOND ISSUE 15480000 CONTRACT FULFILLMENT LIABILITY 75000 15591450 16845151 0 16845151 0 16845151 12700825 0 12700825 0 12700825 1 BAYER CROP SCIENCE 800 N LINDBERGH BOULEVARD ST LOUIS MO 63167 383186048 N/A 32000 0 ECONOMIC DEVELOPMENT PLANT-AS-DNPS-003-1 LLC 333 LAS OLAS WAY CU1 FORT LAUDERDALE FL 33301 933036703 N/A 0 3133747 FAIR MARKET VALUE RAW LAND ECONOMIC DEVELOPMENT CORTEVA 7100 NW 62ND AVENUE JOHNSTON IA 50131 510391677 N/A 50000 0 ECONOMIC DEVELOPMENT LEPRINO FOODS 1830 W 38TH AVENUE DENVER CO 80211 840500292 N/A 3000000 0 ECONOMIC DEVELOPMENT MTBC BEAUTY SUPPLY 6990 NW 25TH STREET MIAMI FL 33122 752621200 N/A 125000 0 ECONOMIC DEVELOPMENT SOUTH PLAINS COLLEGE 1401 COLLEGE AVENUE BOX 5 LEVELLAND TX 79336 756004667 501( C )( 3 ) 500000 0 ECONOMIC DEVELOPMENT SPUR ISD 800 NORTH CALVERY SPUR TX 79370 756002501 GOV'T ENTITY 27337 0 EQUIPMENT NEEDS TYLER TECHNOLOGIES INC 5519 53RD STREET LUBBOCK TX 79414 752303920 N/A 6000 0 ECONOMIC DEVELOPMENT TRUENORTH STEEL INC 4401 MAIN AVE FARGO ND 58103 450259886 N/A 16500 0 ECONOMIC DEVELOPMENT TROPICALE FOODS 1213 W STATE STREET ONTARIO CA 91762 770521367 N/A 450000 0 ECONOMIC DEVELOPMENT MORTON ISD 500 CHAMPION DRIVE MORTON TX 79346 756002098 GOV'T ENTITY 22448 0 EQUIPMENT NEEDS RALLS ISD 1082 4TH STREET RALLS TX 79357 756002290 GOV'T ENTITY 29735 0 EQUIPMENT NEEDS WL PLASTICS 3575 LONE STAR CIRCLE SUITE 400 FORT WORTH TX 76177 030529076 N/A 0 70326 FAIR MARKET VALUE RAW LAND ECONOMIC DEVELOPMENT 4 9 PART I, LINE 2: LEDA MAKES GRANTS TO VARIOUS ENTITIES FOR THE PURPOSE OF PROMOTING ECONOMIC GROWTH BY CREATING HIGH QUALITY JOBS, ATTRACTING NEW CAPITAL INVESTMENTS, RETAINING AND EXPANDING EXISTING BUSINESSES AND IMPROVING LUBBOCK'S QUALITY OF LIFE. THE GRANT MONEY IS NOT PAID TO THE ENTITY UNTIL THE JOBS HAVE BEEN CREATED OR CAPITAL INVESTMENTS HAVE BEEN COMPLETED AND PUT INTO SERVICE. INDEPENDENT AUDITORS ARE USED TO CONFIRM MILESTONES ARE MET BEFORE FUNDS ARE PAID. LEDA MAKES DONATIONS TO LOCAL SCHOOL DISTRICTS TO PROVIDE TECHNICAL TRAINING EQUIPMENT THAT CAN BE USED TO BETTER TRAIN STUDENTS AND GET STUDENTS READY TO ENTER THE JOB MARKET UPON GRADUATION. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 JOHN OSBORNE CEO 272166 0 85706 0 14400 0 15250 0 18303 0 405825 0 0 0 JANA JOHNSTON CFO/COO 176515 0 31908 0 0 0 10476 0 9532 0 228431 0 0 0 DAVID RUSHING DIRECTOR OF RECRUITMENT 148420 0 0 0 0 0 6386 0 648 0 155454 0 0 0 CHRISTINE ALLEN VICE PRESIDENT 105495 0 23357 0 0 0 7459 0 18568 0 154879 0 0 0 A LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE 900183669 2023-02-14 13315000 INFRASTRUCTURE PROJECTS RELATED TO THE EXPANSION OF NORTH AND EAST LUBBOCK 0 0 0 A 1075000 13315000 461494 36652 131506 12505539 2025 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW OF THE FORM 990 WAS PERFORMED BY THE BOARD DURING THE MEETING IMMEDIATELY PRECEDING THE FILING OF THE FORM 990. THE PRESENTATION OF THE FORM 990 REVIEW WAS MADE BY CFO/COO JANA JOHNSTON, CPA. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD OF DIRECTORS AT THE FIRST MEETING OF THE YEAR. IT HAS A SIGNATURE LINE ON THE BOTTOM OF THE FORM FOR THE DIRECTOR TO SIGN AND DATE INDICATING THAT THEY HAVE READ AND AGREE TO THE POLICY. AS A PART OF THE PROCEDURE THERE IS AN ACCOMPANYING CONFLICT OF INTEREST QUESTIONNAIRE ON WHICH THE BOARD MEMBERS LIST ANY POTENTIAL CONFLICTS. BOTH DOCUMENTS ARE COLLECTED AND MAINTAINED BY THE CFO OF LEDA AND ARE UPDATED EACH YEAR. FINALLY, THE POLICY PROVIDES THAT A BOARD MEMBER MAY NOTIFY THE CHAIRMAN OF THE BOARD WHEN HE/SHE BECOMES AWARE OF A POTENTIAL CONFLICT DURING THE COURSE OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 OFFICER AND KEY EMPLOYEES' SALARIES ARE REVIEWED ANNUALLY AND RECOMMENDATIONS ARE MADE BY THE AUDIT AND COMPLIANCE COMMITTEE AND MANAGEMENT TO THE BOARD TO ADJUST COMPENSATION LEVELS BASED ON COMPENSATION SURVEYS, INFLATION AND MERIT. THE COMPENSATION SURVEY USED IN DETERMINING RECOMMENDED SALARY ADJUSTMENTS IS BASED ON INDUSTRY DATA REFLECTED IN THE ANNUAL IEDC SALARY SURVEY OF ECONOMIC DEVELOPMENT PROFESSIONALS WHICH IS PUBLISHED BY THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL (IEDC). THIS STUDY PROVIDES SALARIES FOR THE VARIOUS POSITIONS WITHIN THE INDUSTRY AND IS SORTED ACCORDING TO ORGANIZATIONAL SIZE AND GEOGRAPHIC REGION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING AT THE ORGANIZATION'S OFFICE AT 1500 BROADWAY ST, STE 600; LUBBOCK, TX 79401. FORM 990, PAGE 12, PART XII, LINE 2C THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION 1500 BROADWAY STE 600 LUBBOCK TX 79401 752621353 TO INCREASE EMPLOYMENT OPPORTUNITIES IN LUBBOCK, TX TX 501(C)(4) N/A CITY OF LUBBOCK 0 LUBBOCK EXPERIENCE INC 1500 BROADWAY STE 600 LUBBOCK TX 79401 208957025 ECONOMIC DEVELOPMENT TX 501(C)(3) LINE 7 CITY OF LUBBOCK 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 MARKET LUBBOCK ECONOMIC DEVELOPMENT CORP O 430945 COST PER BOOKS MARKET LUBBOCK ECONOMIC DEVELOPMENT CORP C 1000000 COST PER BOOKS